Key Market Indicators
Consumption of soybean oil in Benin is expected to remain steady at around 8,900 metric tons by 2026. In 2021, Benin ranked 80th globally in soybean oil consumption, with 9,000 metric tons consumed. Afghanistan was ahead in this ranking, followed by China, India and Brazil. Beninese soybean oil production is estimated to reach 21,680 metric tons by 2026, up from 17,940 metric tons in 2021. This growth is projected to come from a 3.2% year-on-year CAGR. Benin was ranked 51st in 2021, with Uganda overtaking at 17,940 metric tons. The United States, Brazil and Argentina were the top three producers in this ranking.
